OrderBlock.net

MRVLUSDT 5m · Quasimodo · long

WAITING FOR A RETURN TO QMLOpen · updated 06.10 18:45 UTC · forecast for MRVLUSDT
QML (entry zone)Order blockTap the markers for explanations · time in UTC · delta and CVD below

Timeline

  • Liquidity formed: local low 271.5 (left shoulder)
  • Structural high 272.4 confirmed
  • Price took out the liquidity beyond the left shoulder
  • Head 261.3 confirmed
  • CHoCH: close above the structural high 272.4. Quasimodo confirmed

Why this setup was found

First the market formed a local low 271.5 (left shoulder). Stop orders piled up below it, that is, liquidity.

Then price took that liquidity: the head reached 261.3, which is 10.120 (20.15 ATR) below the left shoulder.

Then price closed above the previous structural high 272.4 (close 286.4). This is a bullish CHoCH: a change of market character.

The left shoulder zone (271.5–271.7) became the QML level: price often returns here before continuing the move.

A fresh bullish order block overlaps QML by 100%: big players already built positions in this zone.

There were equal lows nearby: they were what price hunted.

Structure on 15m: bullish (supports the idea).

Structure on 1h: bullish (supports the idea).

On the break candle aggressive buyers dominated (54% of volume).

Now: waiting for price to return to QML.

This is a scenario built from market data, not a guarantee of the result.

Confirmations and contradictions

Liquidity takenConfirmation
Equal lowsConfirmation
Change of character (CHoCH)Confirmation
QML not touched yetConfirmation
Fresh bullish order block at QMLConfirmation
15m: structure is bullishConfirmation
1h: structure is bullishConfirmation
Delta confirms the breakConfirmation
CVD confirmed the headAgainst
Absorption at QMLUnknown
Footprint (from trades)Unknown